Free Trial
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
ENERGY
Lower natural gas prices and the expected global supply boost in the coming years is supporting sales of LNG power trucks and ships in a shift from oil, according to Bloomberg.
- A third of new heavy-duty trucks sold in China in April was powered by LNG, an increase from just one in eight a year earlier. Sales of LNG for vessels in Singapore were 10 times higher in April than a year earlier.
- EVs and LNG-powered trucks will replace about 10% to 12% of China’s diesel and gasoline consumption this year, according to a forecast from China National Petroleum Corp.’s Economics & Technology Research Institute in March.
- LNG is also becoming more cost-competitive in shipping amid a drive for owners to decarbonize from the International Maritime Organization and various governments.
- A growing environmental focus on LNG is a risk to the increasing trend despite being cleaner than oil.
Source: Bloomberg
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok